Despite a relatively unremarkable year in terms of market returns to date (+4% for the S&P 500 Index; -4% for the S&P/TSX Composite), it?s been an interesting journey. Here?s an update on some of the things we?ve been working on over the last few months. ... read more

Access to information is critical to gaining ?an edge? when investing, helping us to avoid losses or generate gains. Importantly, the nature and source of this information has changed dramatically over the centuries ? with the speed of change accelerating in recent times ? alongside the investment industry itself. ... read more

Well, so much for a quiet summer! Throughout the last few months we?ve remained highly focused on making the best long-term investment decisions for our clients amid ever-growing risk appetites and return expectations. In order to support that, we?ve also been extremely busy developing our hiring plans.... read more

Cambridge has provided fixed-income management through our multi-asset portfolios for some time, and we wanted to provide more detail on our investment process and the various portfolio construction tools on which we rely.... read more

The purpose of this letter is to provide you with an update on first-half results across the Canadian and Global small-cap portfolios. But first, I?d like to start by discussing an important upcoming anniversary that serves to highlight two key things: the benefit of taking a long-term approach when investing; and the importance of well-reasoned decision-making. ... read more

Early last year we published "Why we are not owners of Canadian Banks today,? which summarized our rationale for avoiding investing in the industry. Now, nearly 18 months later, we thought it was a good time to provide an update. We will touch on what has changed and then review capital levels, which we believe are important but less frequently discussed. Again, special thanks to our global financials analyst Danesh Rohinton on our team for providing much of the data and insights. ... read more